Agenda item

Report of the Director of Economic Development.

The Sub-Committee received a report of the Director of Economic Development concerning the City Corporation’s enhanced approach to international engagement with the key markets of Switzerland and the USA.

Members were broadly supportive of the strategies, although there were some comments about the US strategy being a bit too ambitious.

The Sub-Committee heard how plans were coming together to increase Member input before Lord Mayor and Policy Chairman overseas visits, to tap into Member expertise in a certain market.

In addition, the following points were made:

·         As part of the strategies, it would be helpful to consider the bridges that these countries have with the EU, as well as the talent in those markets.

·         The report’s title was misleading, as the report concerns international engagement rather than international investment.

·         The City Corporation always talks to UK based firms of the market ahead of any overseas visits.

RESOLVED, that:

·         It be recommended to the Policy and Resources Committee to approve the new City Corporation engagement strategies for Switzerland and the USA.